Monster's Earnings Up 68 Percent

NEW YORK – Monster Worldwide Inc. (search) earnings surged 68 percent in the second quarter, as revenue jumped 26 percent amid continued strong performance from its Web site, the world's largest job-search site.

The New York-based company, formerly known as TMP Worldwide (search), late Tuesday reported earnings of $16.2 million, or 14 cents a share, compared with $9.6 million, or 8 cents a share, a year earlier. The company had projected earnings of at least 12 cents a share in April.

Excluding a loss from discontinued operations, Monster Worldwide said it earned 9 cents a share in the year-earlier period.

Revenue climbed to $209.4 million from $166.7 million a year earlier, helped by Monster.com (search), which saw its revenue jump 41 percent to $141.9 million.

Monster Worldwide said its latest results were helped by contributions of "strategic" acquisitions and improved results at its advertising and communications division.

Monster Worldwide expects third-quarter earnings of 16 cents a share, up from year-earlier third-quarter earnings of 11 cents a share.

The company reported its results after the close of the Nasdaq Stock Market, which saw its shares up $1.84, or 9 percent, at $22.31.